The Indian Government is undertaking several initiatives to upgrade its aging railway infrastructure and enhance its quality of service. The Railway Ministry has announced plans to invest ₹5,400,000 crore (equivalent to ₹57 trillion or US$720 billion in 2023) to upgrade the railways by 2030.[1] Upgrades include 100% electrification of railways, upgrading existing lines with more facilities and higher speeds, expansion of new lines, upgrading railway stations, introducing and eventually developing a large high-speed train network interconnecting major cities in different parts of India and development of various dedicated freight corridors to cut down cargo costs within the country.
The Research Design and Standards Organisation (RDSO) is undertaking all research, designs and standardisation work for modernisation, National High Speed Rail Corporation Limited (NHSRCL) is overlooking the implementation of high-speed train programs across the country, Dedicated Freight Corridor Corporation of India (DFCCI) is the agency undertaking development of freight corridors around the country and Indian Railway Stations Development Corporation (IRSDC) is engaged in railway stations upgrade and development programs.
- ^ "Govt to invest 50 lakh crore rupees in railways by 2030". All India Radio. 7 July 2019. Retrieved 11 January 2021.